Trading Operator

4 days ago


Dubai, Dubai, United Arab Emirates Venture Search Full time
We are representing a physical trading house specialising in a broad range of oil products, across the barrel. They are looking to hire a Trading Operator to manage and control all purchase and sale transactions, ensuring timely and accurate completion of all physical and administrative tasks. They seek a proactive and experienced individual who can think innovatively and utilise their resilience, agility, and relationships to excel in this role.

Responsibilities and Tasks:

Contract Oversight
Ensure that operational activities are not initiated until a formal contract has been dispatched or received from the relevant party, with necessary exemptions obtained in the absence of a contract.
Review trader deal sheets/recaps against the Amicus contract, liaising with traders to rectify any disparities.
Comprehend and interpret contractual terms and conditions thoroughly.
Dispatch directives to pertinent parties for executing the final contract and any subsequent amendments.
Financial Assurance

Guarantee that no deliveries are made without adequate financial assurances as stipulated in the contract.
Promptly initiate outgoing invoices or process incoming invoices.
Cargo Administration

Nominate vessels as per the traderagreed contract.
Issue documentary instructions to fulfill letter of credit (LC), customs, and contractual obligations.
Prepare customs declarations where applicable.
Engage inspectors for Quality and Quantity (Q&Q) inspections as per contractual mandates and fulfill other requested analyses by traders.
Handle purchase, sale, and service invoices.
Oversee storage/terminal management where relevant.
Commercial Acumen

Gain a comprehensive understanding of the pricing structure for each deal and ensure accurate management of pricing events.
Acquire a foundational comprehension of hedging strategies and the associated cargo exposure.
Demonstrate keen commercial awareness in Operations, encompassing volume tolerances, freight economics, demurrage mitigation, and price exposure.
Vessel Oversight

Facilitate vessel clearance with terminals and counterparties, navigating through Charterers' vetting processes.
Interpret and understand fixtures where applicable.
Dispatch directives to vessels regarding voyage orders, appointed agents, and letters of indemnity (LOIs).
• Manage all shipping invoices.
Insurance and Claims Handling

Manage Quality and Quantity claims.
Address auxiliary claims.
Coordinate documentation and correspondence with insurance companies in the event of contract execution issues.
Coordination and Data Management

Ensure accurate and timely input of deal details into the system.
Create operators' files.
Verify that systemrecorded deals align with final contractual terms.
Input and update vessel movements, event dates, and Q & Q information.
Update details for goods invoicing and service costs.
Verify pricing details for prompt invoicing.
Timely issuance of outgoing invoices.
Review and allocate incoming invoices for cargoes and associated expenses.


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